Menu log sells for a record $855m

It is a Great time to Invest in Innovation, technology and Startups!

Lebovich brothers Gabby and Hezzi and James Packer's syndicate "Catch" are smiling as a result  of MenuLog's $855m sale. 

This reminds me of the heady days of the reverse auction land grabs spawned by Groupon - such as Dean Mcevoys Spreets which sold for $40m in 2011.

The buying spree and the hype around the sector has pushed valuations into the stratosphere. 

GrubHub, which was floated in April 2014 in New York, is worth $US3.4 billion, having seen its shares jump by 50 per cent in the last 12 months, trading on an EBITDA multiple of around 137 times, 

Just Eat is trading on a multiple of EBITDA of about 47 times.

But that's nothing compared to the 371 times MenuLog was purchased on.

There are a number of interesting opportunities that will be manifesting in the next 12 months ......

Exciting times!!

If you are interested in more info - fee free to contact me